Laserfiche WebLink
the Buyers and the transfer of ownership and control and <br />ultimate transfer of the Cable Communications Franchise <br />Ordinance as amended to North Central Cable Communications, <br />L.P.; and <br />WHEREAS, the North Central Suburban Cable Communications Commission <br />II (hereinafter "Commission ") has been delegated the authority <br />and responsibility to coordinate, administer and enforce <br />the Cable Communications Franchise Ordinance on behalf <br />of City pursuant to the terms of a Joint and Cooperative <br />Agreement for the Administration of a Cable Television <br />Franchise; and <br />WHEREAS, the Commission has held a public hearing on behalf <br />of City and has reviewed the legal, technical, and financial <br />qualifications of Buyers and found them adequate to own <br />and operate Group W Cable; and <br />WHEREAS, the Commission is continuing to review the legal, technical, <br />and financial qualifications of North Central Cable Communications, <br />L.P. as it relates to the transfer of ownership and control <br />and ultimate transfer of the Cable Communications Franchise <br />Ordinance, as amended; and <br />WHEREAS, the Commission has recommended to City approval of <br />the transfer of control of Group W Cable to Buyers subject <br />to the actual closing of the stock sale in June, 1986; and <br />WHEREAS, the Commission and City have been advised by Group W <br />Cable and the Buyers that the approval of such stock transfer <br />to Buyers shall in no way be interpreted as an approval, <br />either express or implied, of the transfer of ownership <br />and control and ultimate transfer of the Cable Communications <br />Franchise Ordinance to North Central Cable Communications, L.P. <br />